SG Americas Securities LLC Has $795,000 Stock Position in Arcosa, Inc. (NYSE:ACA)

SG Americas Securities LLC reduced its position in Arcosa, Inc. (NYSE:ACA) by 53.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 8,393 shares of the company’s stock after selling 9,567 shares during the period. SG Americas Securities LLC’s holdings in Arcosa were worth $795,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ACA. Scarborough Advisors LLC acquired a new stake in shares of Arcosa in the 4th quarter valued at $42,000. Vanguard Group Inc. increased its stake in shares of Arcosa by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 5,549,618 shares of the company’s stock valued at $458,620,000 after buying an additional 32,164 shares during the period. Guidance Capital Inc. acquired a new stake in shares of Arcosa in the 1st quarter valued at $445,000. Synergy Asset Management LLC acquired a new stake in shares of Arcosa in the 1st quarter valued at $5,242,000. Finally, Tradewinds Capital Management LLC acquired a new stake in shares of Arcosa in the 1st quarter valued at $114,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Arcosa news, Director Steven J. Demetriou bought 6,000 shares of Arcosa stock in a transaction on Thursday, September 12th. The shares were purchased at an average cost of $87.70 per share, for a total transaction of $526,200.00. Following the completion of the acquisition, the director now owns 9,943 shares in the company, valued at approximately $872,001.10. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Steven J. Demetriou purchased 6,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were purchased at an average price of $87.70 per share, with a total value of $526,200.00. Following the purchase, the director now directly owns 9,943 shares of the company’s stock, valued at $872,001.10. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Antonio Carrillo purchased 12,125 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $82.05 per share, for a total transaction of $994,856.25. Following the purchase, the chief executive officer now directly owns 406,275 shares in the company, valued at approximately $33,334,863.75. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ACA. Stephens upgraded Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price target on the stock in a research report on Wednesday, August 7th. Oppenheimer raised their price target on Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th.

Arcosa Stock Up 1.5 %

NYSE:ACA opened at $94.67 on Friday. The stock’s fifty day simple moving average is $88.58 and its 200-day simple moving average is $85.86. The company has a quick ratio of 1.36, a current ratio of 2.31 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $4.62 billion, a P/E ratio of 31.45 and a beta of 0.71. Arcosa, Inc. has a 12-month low of $61.98 and a 12-month high of $96.47.

Arcosa (NYSE:ACA) last posted its earnings results on Thursday, August 1st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.08. The firm had revenue of $664.70 million for the quarter, compared to analyst estimates of $661.54 million. Arcosa had a return on equity of 6.35% and a net margin of 6.05%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. Equities research analysts expect that Arcosa, Inc. will post 3.39 earnings per share for the current year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.20 annualized dividend and a yield of 0.21%. Arcosa’s dividend payout ratio is presently 6.64%.

Arcosa Company Profile

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.